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Arabian Gulf investors are pouring billions of dollars into petrochemicals in South East Asia as they chase new consumers outside a flagging China.
Thanks to bumper years of high oil prices that buoyed oil and petrochemical revenues, companies from Abu Dhabi to Qatar have a pile of cash to spend in countries with growing populations and low labour costs.
This week Qatar Holding announced it would invest up to US$5 billion (Dh18.36bn) in a Malaysian petrochemicals complex to rival Singapore’s i
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Asian ethylene prices remained unchanged as market participants in both Northeast and Southeast Asia were absent from the market for the Lunar New Year holidays. In Europe, ethylene prices moved up as feedstock levels remained elevated. US spot ethylene was down as most participants described markets as uneventful and quiet. Asian paraxylene prices rose posting a US$3 day on day gain supported by firm buying interest for March. In Europe, paraxylene prices climbed US$3 day on day tracking the As
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Prices of benzene declined across markets in Asia, Europe and US. Asian benzene was down tracking similar movements in the US market while the US March benzene prices slipped for the third consecutive day of trade. US spot benzene fell amid weakening European benzene levels and a producer heard selling product.
The softening of benzene prices softened across markets eased cost pressure on downstream caprolactum market in Asia. The markets were also thin on the first day after the Spring Festiv
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Propylene prices in Asia remained flat in China and Taiwan as the markets were shut for holidays, but rose in other regions as traders took long positions. In US spot propylene was down in turbulent markets which pulled down by lower PGP bids. In Europe, propylene prices were up tracking Asian markets.
With propylene prices hitting a 9-month high, Asian acrylonitrile prices moved upwards in Far East while markets in China were still to warm up as players were yet to fully return with domestic
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Asian viscose staple fibre markets were largely covered by the holiday sentiment after the Lunar New Year. The first day saw VSF offers stabilized to firm, with some producers pushing offers up in a quiet market. Some producers focused on the delivery of orders placed before the holiday. VSF markets in India and Pakistan were calm and prices rolled over.
As China resumed back to business, there were no concrete offers from viscose filament yarn makers on the first day. Offers are likely to be
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Cotton was dearer across markets as strong US export numbers helped relieve concerns that recent high prices would deter demand from China, the world's largest consumer. The most-active May cotton contract on ICE Futures rose US cents 0.40 day on day but was down US cents 0.11 on the week.
The Cotlook A index was up US cents 0.25 while China Cotton Index sobered 2 Yuan a ton. In Pakistan, trading remained brisk with firm spot rate amid strong physical prices while fine line remained in focus.
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100% cotton yarn markets sentiment in Asia was generally stable and trading volume of 32s cotton yarn inched up, while other specs saw thin transactions. In China, cotton yarn market was thin on the first day after the Lunar New Year holiday as half of the players were still away on holiday. In a holiday week, yarn processors increasingly turned to exporters, mostly from India where production is currently surging.
Spun polyester yarn prices remained flat and trading volume of 45s was higher t
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Item
WidthCM
Specification/Weight(meter)
Wholesale Price: yuan/meter
Multi-chemical fiber snow cashmere
150
600
14.00
Cotton pad-dye plain
150
40S×40S 100×53
9.50
Cotton air-jet pad-dyed canvas
150
21S/2×10S 72×42
15.00
T/R shirt flat cloth
145
28S/2×28S/2 102×60
9.80
Full-size polyester clipping printed curtain fabric
280
600
18.50
T/R double-sided wool cloth
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If you consider you Lonchamp Le Pliage bag as essential to your outfit as your skivvies, you're going to be supremely excited about the brand's first full range of shoes, hitting stores this summer...
Footwear News reports that the first full footwear collection from Longchamp (they previously dabbled in just a few styles) will hit stores this summer and take its cues from the fine leather and equestrian styling of their covetable handbags. "The shoes are totally complementary to the ba
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Fashion label Dior Homme has announced the launch of its demi-measure service at the 57th Street flagship in New York. Launching February 18, this is the first time the made-to-measure service has been offered in the US.
Clients are invited to try on basic models from the suit and shirt silhouettes, and an on-site tailor will take measurements. The suit and shirt will arrive back in store within five to eight weeks for a second fitting; the final garment will be delivered one week later. Ove